The Analytical Overview of the Main Currency Pairs on 2017.09.12

The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.20151

Open: 1.19510

% chg. over the last day: -0.48

Day's range: 1.19452 – 1.19748

52 wk range: 1.0341 – 1.2069

Yesterday, the US dollar moved away from local lows. Sales prevailed on EUR/USD. The euro weakened against the US
dollar by more than 60 points. At the moment, the currency is testing the "mirror" resistance of 1.19750. The
nearest support is at the level of 1.19250. The technical pattern is still ambiguous. We recommend opening positions
from key levels.

The news background is rather calm today. At 17:00 (GMT+3:00) data on the number of open jobs in the JOLTS labor
market will be released.

The EUR/USD quotes are between 50 MA and 200 MA, which are strong dynamic support and resistance levels.

The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell EUR/USD.

Stochastic Oscillator has fixed in the neutral zone, the %K line is above the %D line, which signals the EUR/USD
growth.

Trading recommendations

Support levels: 1.19250, 1.18750

Resistance levels: 1.19750, 1.20350

If the price consolidates below the local support of 1.19250, the correction of the EUR/USD currency pair may
continue. The target movement level is 1.18750.

Alternative option. If the EUR/USD quotes overcome the "mirror" resistance of 1.19750, we recommend looking for
entry points to the market to open long positions. The movement is tending potentially to 1.20350.

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.31861

Open: 1.31606

% chg. over the last day: -0.21

Day's range: 1.31605 – 1.31948

52 wk range: 1.1450 – 1.3447

At the moment, GBP/USD is consolidating. A unidirectional trend is not observed. The key support and resistance
levels are still: 1.31500 and 1.32150, respectively. The positions need to be opened from these marks. We expect
statistics from the UK.

At 11:30 (GMT+3:00), the report on inflation in the UK will be published.

The price is testing 50 MA, which at the moment is quite strong dynamic support.

The MACD histogram does not provide accurate signals. The indicator has fixed near the 0 mark.

Stochastic Oscillator is located near the overbought zone, the %K line crossed the %D line. There are no signals
yet.

Trading recommendations

Support levels: 1.31500, 1.31000

Resistance levels: 1.32150

If the statistics from the UK turns out to be positive, further growth of the GBP/USD currency pair is possible. The
movement is tending potentially to 1.32500-1.32750.

An alternative may be the fall of the GBP/USD quotes to 1.31250-1.31000.

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.21576

Open: 1.21119

% chg. over the last day: -0.35

Day's range: 1.20868 – 1.21226

52 wk range: 1.2414 – 1.3795

The USD/CAD currency pair continues to be in a sideways trend. At the moment, the technical pattern is ambiguous.
The key levels are still: support-1.20650; resistance-1.21600. We recommend opening positions from these marks.
Support for the Canadian dollar is provided by the recovery of oil quotes.

The news background on Canada's economy is calm today.

The price has fixed below 50 MA and 200 MA, which signals the power of sellers.

The MACD histogram is in the negative zone and continues to decline, which indicates the "bearish" sentiment on
USD/CAD.

Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which also gives a signal to sell
USD/CAD.

Trading recommendations

Support levels: 1.20650

Resistance levels: 1.21600, 1.22350

If the price consolidates below the key support of 1.20650, we recommend looking for entry points to the market to
open short positions. The movement is tending potentially to the round level of 1.20000.

Alternative option. If the price consolidates above the resistance level of 1.21600, a correction may develop on the
USD/CAD currency pair. The target movement level is 1.22350.

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 108.224

Open: 109.383

% chg. over the last day: +1.06

Day's range: 109.238 – 109.595

52 wk range: 99.53 – 118.67

Yesterday, aggressive purchases were observed on USD/JPY. The growth of quotes exceeded 1%. The demand for safe
currencies has significantly weakened against the background of a decrease in geopolitical risks on the Korean
peninsula. Also, the US dollar was supported by the growth in the US government bonds yield. At the moment, the key
trading range is 109.000-109.600.

The news background on the economy of Japan is calm today.

Indicators point to the power of buyers. The price has fixed above 50 MA and 200 MA.

The MACD histogram is in the positive zone, but below the signal line, which gives a weak signal to buy USD/JPY.

Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which signals an increase in
USD/JPY.

Trading recommendations

Support levels: 109.000, 108.500

Resistance levels: 109.600, 110.250

We expect further growth of the USD/JPY currency pair. If the price consolidates above the level of 109.600, we
recommend looking for entry points to the market to open long positions. The target movement level is
110.000-110.250.

Alternative option. If the price consolidates below the round level of 109.000, it is necessary to consider sales of
USD/JPY. The movement is tending potentially to 108.500.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer,
and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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